The size of Caroona is approximately 220.6 square kilometres. It has 1 park covering nearly 5.7% of total area. The population of Caroona in 2011 was 390 people. By 2016 the population was 195 showing a population decline of 50.0% in the area during that time. The predominant age group in Caroona is 40-49 years. Households in Caroona are primarily couples with children and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Caroona work in a managers occupation. In 2011, 63.7% of the homes in Caroona were owner-occupied compared with 31.5% in 2016..
Caroona has 170 properties. Over the last 5 years, Houses in Caroona have seen a 60.63% increase in median value. As at 31 October 2024:
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